DiamondBuzz
The right time to Increase De Beers stake: Botswana’s mines minister
Botswana’s mines minister Bogolo Kenewendo says it’s “absolutely” the right time to discuss the government increasing its 15 per cent stake in De Beers.
She indicated that Anglo American, which owns the other 85 per cent of De Beers, was moving closer to an initial public offering (IPO) and that Botswana was pushing for a larger stake.
Anglo announced last week that it was likely to write down the value of De Beers from its current $7.6bn, as a result of persistent weak diamond demand, especially in China.
Botswana’s diamond, which accounts for over 70 per cent of the country’s export earnings, has been severely hit by the global slump in demand.
In the last nine months of 2024 Debswana – its 50/50 joint venture with De Beers it sold $1.53bn of rough, down 52 per cent on the same period in 2023.
DiamondBuzz
GIA Examines Diamond Faceted To Resemble A Panther’s Face.
The 67.18-Carat Diamond, Originally 113 Carats, Was Carved Into A Panther’s Face and Includes Two Zambian Marquise Mixed-Cut Emeralds As Eyes.
The Gemological Institute of America (GIA) recently examined a diamond the maker carved and faceted to resemble a panther’s face.
The 67.18-carat diamond, originally 113 carats, was carved into a panther’s face and includes two Zambian marquise mixed-cut emeralds as eyes.
GIA used Fourier-transform infrared absorption and photoluminescence spectroscopy to identify the diamond as type Ia.
The piece, titled Jade Fang, took nearly a year to complete and required advanced cutting techniques to navigate heavy inclusions and an unconventional design.
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